Some credit card industry observers are asked to predict what’s in store for plastic with the new year and new legislation.
Yes, there are differences between credit cards and old-fashioned charge cards. Big differences, the main one being it’s extremely unlikely you’ll dig yourself into major debt using a charge card—hence a surge in charge cards’ popularity.
Whether you’ve got one credit card in your wallet or 13, whether you carry a balance or always pay your full bill on time, big changes happening to the way banks and credit card companies do business will affect you. What can you do? At the very least, you really ought to take a few seconds to read notifications from your credit card …
You’d think that a credit card customer who pays his or her bill on time is a good customer. But these customers don’t make the banks and credit card companies money—at least not enough of it.